Hemphill County, Texas Property Taxes
The median property tax rate in Hemphill County is 2.65%, which is significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Hemphill County, the typical annual property tax bill reaches $1,688, which is below the national median of $2,690. Property taxes in Hemphill County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Hemphill County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Canadian or another part of Hemphill County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hemphill County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.65%
Estimate Property Tax Bill
$1,869
$1,734
Ownwell’s Hemphill County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hemphill County with just two data points. By entering your property's estimated assessed value, our calculator applies the median tax rate in Hemphill County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations, taking into account any exemptions you may have on your property.
Property Tax Rates Across Hemphill County, Texas
Property taxes in Hemphill County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Hemphill County is 2.65%, which is higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Hemphill County set these rates annually, and they can vary significantly between different areas within the county. Each year, Hemphill County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Canadian has one of the higher property tax rates in Texas at 2.65%, while the city of Briscoe boasts one of the lowest at 1.68%. Analyzing how Hemphill County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Hemphill County Tax Rate
2.65%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across Hemphill County, Texas
In Hemphill County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Hemphill County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Hemphill County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Hemphill County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Hemphill County, Mobeetie has the highest median tax bill at $2042, while Briscoe has the lowest at $1269.
Average Hemphill County Assessed Value
$70,510
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Bills Across Hemphill County, Texas
In Hemphill County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county appraisal district and represents the market value of the property. This value is then multiplied by the county's tax rate to determine the annual tax bill. For example, the median home price in Hemphill County is $70,510. Homeowners in Hemphill County can expect a wide range of tax bills. At the 25th percentile, the tax bill is approximately $661, while at the 75th percentile, it can rise to $2,925. For those at the 90th percentile, the tax bill can reach up to $4,512. The highest median tax bill in the county is seen in Mobeetie at $2,042, while Briscoe has the lowest at $1,269. These property taxes significantly impact homeowners, influencing their monthly budgets and overall cost of homeownership. Compared to the national median property tax rate of 0.99%, Hemphill County's rates can vary widely, affecting each homeowner differently based on their property's assessed value.
Average Hemphill County Tax Bill
$1,688
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690